Monday, October 13, 2014

Boustead: Bags 3 deals worth S$137m. Boustead has been awarded three design-and-build contracts, potentially totalling S$137m, in the food, logistics and renewable energy industries in Singapore. The project is expected to be completed in 2015.The latest contracts will raise the group's orderbook backlog to over S$452m. (Source: The Business Times).

Chip Eng Seng: S$150m notes issue well received. Chip Eng Seng Corporation has seen strong demand for its S$150m fixed-rate notes, which are being issued under its S$500m multi-currency debt-issuance programme. (Source: The Business Times).

Kian Ho: To buy two Sophia Rd properties. In its effort to expand the scope of its bearings, seals and power transmission belts business, Kian Ho is planning to buy two properties on Sophia Road for a total of S$15.27m. Each has a lot area of 260 sqm, and has 55 years remaining in its tenure. (Source: The Business Times).


United Envirotech: Takes 49% stake in Sichuan JV.

United Envirotech continued to reap the reward of its new membrane-making business with a partial stake in an initial Rmb1.5b (S$300m) project in western China. United Envirotech will take 49% of a new JV in Sichuan, with Chengdu Xingrong Investment Co taking the remaining 51%. The partnership will have an initial paid-up capital of Rmb50m. (Source: The Business Times). 

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